Electric Cloud, a San Jose, CA-based provider of DevOps Release Automation solutions, received a US$11m in financing.
Backers included Wellington Financial LP, which a provided $6m loan, and Bridge Bank, which provided a US$5m line of credit and venture term loan facility.
The company intends to use the funds to grow its operations, its presence in new regions worldwide, and fund further product development.
Led by Steve Brodie, CEO, Electric Cloud provides organizations developing enterprise web/IT, mobile and embedded systems applications with solutions to deliver software by automating and accelerating build, deployment and release processes at scale.
ElectricFlow, the company’s flagship product, orchestrates the entire delivery process, automating builds, tests, and deployments, to allow teams to continually reduce the cost and risk of releasing software.
Customers include organizations like Cisco, E*TRADE, Gap, GE, HP, Intel, Lockheed Martin, Sony and Qualcomm.
FinSMEs
13/02/2017